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JD.com Records RMB 169 bln GMV During 18-day Anniversary Promotion
JD.com, 6/19/20
Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD; 9618.HK) announced today that transaction volume on the platform during the company's 618 Grand Promotion anniversary sale (held June 1-18) exceeded RMB 269.2 bln, up 33.6% YoY. Read More
58.com's Zhuan Zhuan to Acquire Used Handset Trading App Zhaoliangji
58.com, 4/07/20
Chinese online classifieds site 58.com (NYSE: WUBA) today announced that Zhuan Zhuan, an online used goods trading platform and a consolidated subsidiary of 58.com, has entered into definitive agreements to acquire a 100% equity interest in the operator of second-hand mobile phone trading app Zhaoliangji. Read More
China Unicom, China Telecom to Co-Build Shared Nationwide 5G Access Network
China Unicom, 9/09/19
China Unicom (NYSE: CHU; 0762.HK; 600050.SH) and China Telecom (NYSE: CHA; 0728.HK), each of which holds a roughly 20% share of China's approximately 1.6 bln mobile subscriber base, today jointly announced that the two network operators will co-build and co-share a single, nationwide 5G access network. Read More
China Issues 5G Commercial Operations Licenses
MIIT, 6/06/19
China's Ministry of Industry and Information Technology (MIIT) announced today that it has issued 5G mobile communications commercial operating licenses to four companies, including the parent companies of China Mobile (NYSE: CHL; 0941.HK), China Unicom (NYSE: CHU; 0762.HK; 600050.SH), and China Telecom (NYSE: CHA; 0728.HK), as well as to national cable TV network operator China Broadcasting Network Corporation. Read More
HCI Solutions Firm InfoQuick SinoVoice Wins RMB 9-digit Strategic Investment
PE Daily, 9/25/18
Beijing-based human-computer interactive (HCI) technology firm InfoQuick SinoVoice recently completed a new RMB 9-digit round of funding led by Shenzhen Capital Group with participation from Septwolves Jieneng Huanbao Industry Venture Capital. Read More
Machine Vision Startup Riseye Lands RMB 45 Mln Series A Funding
iYiou, 9/21/18
Shenzhen-based machine vision developer Jingrui Shijue Intelligent Technology (Riseye) recently announced the completion of RMB 45 mln in Series A funding led by Tianjin Bridge Fukai Equity Partnership with participation from Shenzhen Co-Win Venture Capital Investment. Read More
Online and Mobile Visa Service Platform 666Visa.cn Secures RMB 60 Mln Series B
Travel Daily, 9/20/18
Shenzhen-based Liuliuliu International Travel Agency, operator of online and mobile visa service platform Shangshangqian (666Visa), has won RMB 60 mln in Series B funding led by Bohuiyuan Venture Capital with participation from dozens of investors, including Origins Capital. Read More
JD.com to Open 1,000 More '7Fresh' Offline Fresh Food Stores Over Next 3-5 Years
Sina Tech, 9/19/18
Chinese B2C e-commerce platform JD.com's (Nasdaq: JD) premium offline food shopping brand, 7Fresh, recently announced its national store opening strategy for a fast expansion. Read More
Furniture B2C E-commerce Platform Ihomefnt Wins RMB 1 Bln Series B
36Kr.com, 9/18/18
Jiangsu-based Ihome Jiaju Yongpin, operator of B2C furniture e-commerce platform Ihomefnt (Aijia Home Furnishing), won RMB 1.0 bln in Series B funding last month from Tiantu Capital at a valuation of more than USD 1.0 bln. Read More
SenseTime, SoftBank Join RMB 1.36 Bln Round in AI-based Video Solutions Firm Moviebook
Huanqiu Tech, 8/07/18
Beijing-based AI video solutions provider Moviebook Technology recently announced completion of RMB 1.36 bln in Series D funding from more than ten investors and strategic partners including computer vision and AI technology developer SenseTime Technology, SoftBank China Venture Capital, Shanghai-based media firm Oriental Pearl Media (600637.SH), PAC, Shenzhen Qianhai Wutong M&A Fund, Langsheng Investment, and individual investor Ge Weidong. Read More
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